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SPAC · Deal announced · PLMK

Plum Acquisition Corp. IV

Business combination with Controlled Thermal Resources Holdings Inc.

Plum Acquisition Corp. IV (PLMK) is a blank-check company (SPAC) that raised $150M in its initial public offering on Jan 15, 2025, listing on Nasdaq. It agreed to combine with Controlled Thermal Resources Holdings Inc., announced on Mar 12, 2026, at a stated value of $3.15B. The deal has not closed yet. Benjamin led the IPO. Greenberg Traurig advised the SPAC and Ropes & Gray advised the underwriters on the IPO.

Geothermal and lithium developer (Hell's Kitchen Project)

Status
Deal announced
Ticker
PLMK
IPO date
Jan 15, 2025
IPO size
$150M
IPO exchange
Nasdaq
Target
Controlled Thermal Resources Holdings Inc.
Target sector
Energy
Announced
Mar 12, 2026
Stated deal value
$3.15B
IPO underwriters
Benjamin
SPAC counsel (IPO)
Greenberg Traurig and Mourant
Underwriters' counsel (IPO)
Ropes & Gray

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